Comments on: Granting Credit On The Fly. Is Bill Me Later Part Of the Problem Or Part Of The Solution? http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/ Startup and Technology News Fri, 27 Nov 2009 03:42:47 -0800 hourly 1 By: Mike http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2580978 Mike Wed, 31 Dec 2008 00:45:54 +0000 http://www.techcrunch.com/?p=23013#comment-2580978 "Bill Me Later is already used all over the Web by more than four million customers at places like Amazon, the Apple Store, JetBlue, and Walmart,com. This year the company is expected to finance $1 billion worth of online purchases and bring in $125 million in revenues" As expected, Amazon.com says SeeYouLater to BillMeLater, so you can remove them from your list (along with some likely considerable portion of the $125MM in revenue contribution). http://www.vendio.com/vendable/2008/12/30/amazoncom-no-longer-accepting-billmelater-in-2009/ “Bill Me Later is already used all over the Web by more than four million customers at places like Amazon, the Apple Store, JetBlue, and Walmart,com. This year the company is expected to finance $1 billion worth of online purchases and bring in $125 million in revenues”

As expected, Amazon.com says SeeYouLater to BillMeLater, so you can remove them from your list (along with some likely considerable portion of the $125MM in revenue contribution).

http://www.vend...elater-in-2009/

]]> By: Was Ebay’s BillMeLater Acquisition A Huge Blunder? http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2545969 Was Ebay’s BillMeLater Acquisition A Huge Blunder? Tue, 25 Nov 2008 07:51:38 +0000 http://www.techcrunch.com/?p=23013#comment-2545969 [...] a BillMeLater investor said not to worry. Their model is different than the credit card companies, he said, because they only issue credit [...] [...] a BillMeLater investor said not to worry. Their model is different than the credit card companies, he said, because they only issue credit [...]

]]> By: As eBay’s Core Business Hits Hard Times, Skype Begins To Shine : VCsAndAngels - Venture Capital / VCs, Angel Investors, Startup News, Etc http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2503125 As eBay’s Core Business Hits Hard Times, Skype Begins To Shine : VCsAndAngels - Venture Capital / VCs, Angel Investors, Startup News, Etc Wed, 15 Oct 2008 22:50:11 +0000 http://www.techcrunch.com/?p=23013#comment-2503125 [...] PayPal’s revenues were flat in the quarter at $597 million. Maybe the $945 million acquisition of Bill Me Later will help reignite growth. Its classifieds business (Kijiji) brought in a [...] [...] PayPal’s revenues were flat in the quarter at $597 million. Maybe the $945 million acquisition of Bill Me Later will help reignite growth. Its classifieds business (Kijiji) brought in a [...]

]]> By: As eBay’s Core Business Hits Hard Times, Skype Begins To Shine http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2503095 As eBay’s Core Business Hits Hard Times, Skype Begins To Shine Wed, 15 Oct 2008 22:22:13 +0000 http://www.techcrunch.com/?p=23013#comment-2503095 [...] PayPal’s revenues were flat in the quarter at $597 million. Maybe the $945 million acquisition of Bill Me Later will help reignite growth. Its classifieds business (Kijiji) brought in a [...] [...] PayPal’s revenues were flat in the quarter at $597 million. Maybe the $945 million acquisition of Bill Me Later will help reignite growth. Its classifieds business (Kijiji) brought in a [...]

]]> By: JuicyGirl http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2495882 JuicyGirl Thu, 09 Oct 2008 04:30:24 +0000 http://www.techcrunch.com/?p=23013#comment-2495882 “EBay’s newly anointed chief executive, John Donahoe, is trying to make eBay a cleaner, safer online mall instead of a bargain basement.” Ebay is way out of touch with reality. In this economy, aren’t we are all looking for bargain basement items? “EBay’s newly anointed chief executive, John Donahoe, is trying to make eBay a cleaner, safer online mall instead of a bargain basement.”

Ebay is way out of touch with reality. In this economy, aren’t we are all looking for bargain basement items?

]]> By: Mark Evans http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2494847 Mark Evans Wed, 08 Oct 2008 14:03:40 +0000 http://www.techcrunch.com/?p=23013#comment-2494847 What's interesting about Bill Me Later is it originally came out of Nortel: http://tinyurl.com/billmelater What’s interesting about Bill Me Later is it originally came out of Nortel: http://tinyurl.com/billmelater

]]> By: Paul Rosenfeld http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2494567 Paul Rosenfeld Wed, 08 Oct 2008 06:14:15 +0000 http://www.techcrunch.com/?p=23013#comment-2494567 I'm sorry but Azure Capital's response is mostly PR spin and non-credit savvy folks shouldn't believe it for a second. Whether you grant a "limit" or the cash for a one-time transaction, it's still credit - ie, someone at the bank or Bill Me Later is making a credit decision to lend someone else money. MOST IMPORTANTLY - Who is the user of Bill Me Later? Why, it's likely people who can't get credit cards or who are tapped out on their credit line. If you had a good credit card, why go through the trouble of signing up for Bill Me Later? So Bill Me Later is really a tool to grease the wheels of impulsive consumer spenders who don't have ready access to credit - one of the exact reasons we're in this mess today. I’m sorry but Azure Capital’s response is mostly PR spin and non-credit savvy folks shouldn’t believe it for a second. Whether you grant a “limit” or the cash for a one-time transaction, it’s still credit – ie, someone at the bank or Bill Me Later is making a credit decision to lend someone else money.

MOST IMPORTANTLY – Who is the user of Bill Me Later? Why, it’s likely people who can’t get credit cards or who are tapped out on their credit line. If you had a good credit card, why go through the trouble of signing up for Bill Me Later?

So Bill Me Later is really a tool to grease the wheels of impulsive consumer spenders who don’t have ready access to credit – one of the exact reasons we’re in this mess today.

]]> By: shopyield.com › Lending algos… http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493959 shopyield.com › Lending algos… Tue, 07 Oct 2008 16:54:31 +0000 http://www.techcrunch.com/?p=23013#comment-2493959 [...] From Techcrunch… ~~~~ ” The problem is people who can’t afford to pay for things are financing things. If you have the proper controls, you don’t allow that to happen. [...] [...] From Techcrunch… ~~~~ ” The problem is people who can’t afford to pay for things are financing things. If you have the proper controls, you don’t allow that to happen. [...]

]]> By: John G http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493827 John G Tue, 07 Oct 2008 14:23:13 +0000 http://www.techcrunch.com/?p=23013#comment-2493827 No, that's now how credit bureaus work. Once you have a relationship with an institution, they can pull your bureau without it impacting your score. The "hard pull" at time of account set up is what dings you. Pretty much every financial relationship you have is constantly updating your credit profile and you never even know it. No, that’s now how credit bureaus work. Once you have a relationship with an institution, they can pull your bureau without it impacting your score. The “hard pull” at time of account set up is what dings you. Pretty much every financial relationship you have is constantly updating your credit profile and you never even know it.

]]> By: Auctionwire.info » Blog Archive » Granting Credit On The Fly. Is Bill Me Later Part Of the Problem Or Part Of The Solution? http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493727 Auctionwire.info » Blog Archive » Granting Credit On The Fly. Is Bill Me Later Part Of the Problem Or Part Of The Solution? Tue, 07 Oct 2008 10:36:54 +0000 http://www.techcrunch.com/?p=23013#comment-2493727 [...] On the same day the public markets are tanking because of the spreading credit crisis, we see one of the biggest M&A exits of the year with eBay acquiring Bill Me Later for $945 million ($820 million in cash, plus an extra $125 million in options). The only other tech exits of this size in 2008 were Sun buying MYSQL for $1 billion (which involved less cash and more options), AOL buying Bebo for $850 million.  This is for a company that lets consumers defer payment when they buy things online.  Remember, loose credit is part of the reason we are in the current economic mess. by Erick Schonfeld [...] [...] On the same day the public markets are tanking because of the spreading credit crisis, we see one of the biggest M&A exits of the year with eBay acquiring Bill Me Later for $945 million ($820 million in cash, plus an extra $125 million in options). The only other tech exits of this size in 2008 were Sun buying MYSQL for $1 billion (which involved less cash and more options), AOL buying Bebo for $850 million.  This is for a company that lets consumers defer payment when they buy things online.  Remember, loose credit is part of the reason we are in the current economic mess. by Erick Schonfeld [...]

]]> By: Aktuelle Deals | aquarius blog http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493717 Aktuelle Deals | aquarius blog Tue, 07 Oct 2008 10:11:00 +0000 http://www.techcrunch.com/?p=23013#comment-2493717 [...] Bezogen auf die aktuelle Kredit-Krise und die Grösse der Akquisition frägt Michael Arrington von Techcrunch berechtigterweise: Remember, loose credit is part of the reason we are in the current economic [...] [...] Bezogen auf die aktuelle Kredit-Krise und die Grösse der Akquisition frägt Michael Arrington von Techcrunch berechtigterweise: Remember, loose credit is part of the reason we are in the current economic [...]

]]> By: Mrinal http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493670 Mrinal Tue, 07 Oct 2008 08:17:33 +0000 http://www.techcrunch.com/?p=23013#comment-2493670 Looking at these revenue multiples, LinkedIn is a steal for $1B! ;) Looking at these revenue multiples, LinkedIn is a steal for $1B! ;)

]]> By: TechCrunch Japanese アーカイブ » 瞬時に信用調査を行えるBill Me Laterは、「信用問題」の一部なのか、それとも解決策なのだろうか http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493443 TechCrunch Japanese アーカイブ » 瞬時に信用調査を行えるBill Me Laterは、「信用問題」の一部なのか、それとも解決策なのだろうか Tue, 07 Oct 2008 01:18:36 +0000 http://www.techcrunch.com/?p=23013#comment-2493443 [...] ［原文へ］ [...] [...] ［原文へ］ [...]

]]> By: DKumar M. http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493353 DKumar M. Mon, 06 Oct 2008 23:09:44 +0000 http://www.techcrunch.com/?p=23013#comment-2493353 That's why you need to play it safe !! Avoid online purchase and try to shake your legs a bit. That’s why you need to play it safe !!

Avoid online purchase and try to shake your legs a bit.

]]> By: Jud Valeski http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493322 Jud Valeski Mon, 06 Oct 2008 22:13:27 +0000 http://www.techcrunch.com/?p=23013#comment-2493322 billmelater is part of the problem. credit is killing this country... akin to individual credit markets in 15th century London. difference is you can get away with defaulting today... back then, you were tossed into the local pen and left to starve. no question there's a business there though :-). billmelater is part of the problem. credit is killing this country… akin to individual credit markets in 15th century London. difference is you can get away with defaulting today… back then, you were tossed into the local pen and left to starve.

no question there’s a business there though :-) .

]]> By: Sandra G http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493319 Sandra G Mon, 06 Oct 2008 22:09:50 +0000 http://www.techcrunch.com/?p=23013#comment-2493319 Exactly, if people aren't aware of this, then using this service repeatedly in a month can really hurt you. Kids who are just starting out, in college can really screw themselves if they aren't careful. Exactly, if people aren’t aware of this, then using this service repeatedly in a month can really hurt you. Kids who are just starting out, in college can really screw themselves if they aren’t careful.

]]> By: Sekou http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493317 Sekou Mon, 06 Oct 2008 22:08:00 +0000 http://www.techcrunch.com/?p=23013#comment-2493317 Cruchbase has it wrong...the company is based in Timonium, MD. Looks like the mailing address is in Omaha. Cruchbase has it wrong…the company is based in Timonium, MD. Looks like the mailing address is in Omaha.

]]> By: Ad Manager http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493282 Ad Manager Mon, 06 Oct 2008 21:32:10 +0000 http://www.techcrunch.com/?p=23013#comment-2493282 Man, I misread the valuation, at $950M, it's not a good deal Man, I misread the valuation, at $950M, it’s not a good deal

]]> By: Ad Manager http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493278 Ad Manager Mon, 06 Oct 2008 21:28:31 +0000 http://www.techcrunch.com/?p=23013#comment-2493278 Definitely it's a part of the problem. It's a related business to auction transactions. It's could be a good timing for eBay since the valuation is low and consumers might need it more than ever. Although it could also be bad if: 1) credit market is too tight and only available to a limited number of purchases/consumers 2) consumer confidence crashes (only accept cash and only cash, use their debit card) Definitely it’s a part of the problem. It’s a related business to auction transactions. It’s could be a good timing for eBay since the valuation is low and consumers might need it more than ever. Although it could also be bad if:

1) credit market is too tight and only available to a limited number of purchases/consumers
2) consumer confidence crashes (only accept cash and only cash, use their debit card)

]]> By: Al Brown http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493274 Al Brown Mon, 06 Oct 2008 21:24:18 +0000 http://www.techcrunch.com/?p=23013#comment-2493274 Industry innovation will not make the crisis worse. But don't worry, our cowardly leaders are on the case. Industry innovation will not make the crisis worse. But don’t worry, our cowardly leaders are on the case.

]]> By: Sam http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493268 Sam Mon, 06 Oct 2008 21:19:10 +0000 http://www.techcrunch.com/?p=23013#comment-2493268 how about taxmelater.com? how about taxmelater.com?

]]> By: Righteous Marketing http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493265 Righteous Marketing Mon, 06 Oct 2008 21:15:40 +0000 http://www.techcrunch.com/?p=23013#comment-2493265 Well, I know I won't use it. All those credit checks will screw my credit score even worse than it already is Well, I know I won’t use it. All those credit checks will screw my credit score even worse than it already is

]]> By: Daily reader http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493264 Daily reader Mon, 06 Oct 2008 21:13:18 +0000 http://www.techcrunch.com/?p=23013#comment-2493264 IPU! IPU!

]]> By: Al http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493263 Al Mon, 06 Oct 2008 21:11:22 +0000 http://www.techcrunch.com/?p=23013#comment-2493263 For multiple purchases I wonder if this affects your credit score? We all know that multiple credit checks within a certain timeframe results in red flags on your credit score. For multiple purchases I wonder if this affects your credit score? We all know that multiple credit checks within a certain timeframe results in red flags on your credit score.

]]> By: larry david http://www.techcrunch.com/2008/10/06/is-bill-me-later-part-of-the-problem-or-part-of-the-solution-behind-the-second-biggest-ma-exit-of-the-year/comment-page-1/#comment-2493258 larry david Mon, 06 Oct 2008 21:05:16 +0000 http://www.techcrunch.com/?p=23013#comment-2493258 My question is how long will competitors stick around if eBay owns 'em? contracts, yeah, but many will have takeover outs.... does Amazon want an eBay as a vendor? My question is how long will competitors stick around if eBay owns ‘em? contracts, yeah, but many will have takeover outs…. does Amazon want an eBay as a vendor?

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